XL Capital Ltd to present at the Merrill Lynch Insurance Investor Conference on February 14, 2005

HAMILTON, BERMUDAMon Feb 7, 2005 —
HAMILTON, BERMUDA (February 7, 2005) - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian M. O'Hara, President and Chief Executive Officer of XL Capital Ltd, is scheduled to present at the Merrill Lynch Insurance Investor Conference at the Millennium Broadway Hotel in New York City on Monday, February 14, 2005 at 2:35 pm (EST).A live webcast of Mr. O'Hara's presentation will be available at http://www.wsw.com/webcast/ml31/xl/. A replay of the presentation and accompanying slides will be available on the Investor Information section of www.xlgroup.com following the live broadcast and will be archived for approximately 14 days following the presentation.XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of September 30, 2004, XL Capital Ltd had consolidated assets of approximately $46.8 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.